General Growth Properties, Inc. (GGP) Rating Reiterated by Stifel Nicolaus

General Growth Properties, Inc. (NYSE:GGP)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued on Wednesday, November 1st. They currently have a $24.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.21% from the company’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets set a $22.00 price target on General Growth Properties and gave the company a “hold” rating in a research note on Tuesday, October 31st. BidaskClub downgraded General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Citigroup Inc. dropped their price objective on General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a report on Monday, August 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price objective on shares of General Growth Properties in a report on Friday, August 4th. Finally, Zacks Investment Research cut General Growth Properties from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.46.

Shares of General Growth Properties (NYSE GGP) traded up $1.85 during midday trading on Wednesday, hitting $24.05. The stock had a trading volume of 31,738,700 shares, compared to its average volume of 6,331,790. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.35 and a quick ratio of 1.35. General Growth Properties has a one year low of $18.83 and a one year high of $27.10. The company has a market cap of $22,750.00, a P/E ratio of 14.23, a P/E/G ratio of 2.25 and a beta of 0.79.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in GGP. OppenheimerFunds Inc. grew its position in shares of General Growth Properties by 29.5% in the 1st quarter. OppenheimerFunds Inc. now owns 14,120 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 3,217 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of General Growth Properties by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,652 shares of the real estate investment trust’s stock valued at $733,000 after purchasing an additional 976 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of General Growth Properties by 90.9% during the 1st quarter. Renaissance Technologies LLC now owns 849,500 shares of the real estate investment trust’s stock valued at $19,691,000 after purchasing an additional 404,500 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of General Growth Properties during the 1st quarter valued at about $195,000. Finally, Gotham Asset Management LLC bought a new stake in shares of General Growth Properties during the 1st quarter valued at about $256,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

General Growth Properties Company Profile

GGP Inc (GGP), formerly General Growth Properties, Inc, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

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